Qatar’s Baladna Gets Green Light for $250M Project in Syria, Opens New Branch in Egypt
Baladna Food Industries, a Qatari company known for its dairy and livestock products, has received approval to start a major $250 million project in Syria. This was confirmed in a statement to the Qatar Stock Exchange.
New Projects in Syria and Egypt
The Syria project will include a dairy factory, a juice plant, a plastic packaging unit, and a modern water treatment facility. This move is part of Baladna’s plan to grow its business in the region.
At the same time, Baladna’s board has approved setting up a new branch in Egypt. This branch will focus on providing support services, helping the company run more smoothly across the Middle East and North Africa.
Business Growth in Early 2025
In the first three months of 2025, Baladna earned $90.9 million (QR 330.5 million), a 6% increase compared to the same period last year. This growth came from strong sales of evaporated milk, new product launches, and more Ramadan shopping days.
Profit before major expenses (EBITDA) rose 19% to $31.5 million (QR 114.5 million), thanks to higher sales, lower material costs, and better efficiency.
Net profit also went up 21%, reaching $16 million (QR 58.3 million).
Big Plans in Algeria
In March 2025, Baladna Algeria—partly owned by Baladna—agreed to start a huge powdered milk project in southern Algeria. The $3.5 billion project will cover 117,000 hectares and produce 200,000 tons of powdered milk every year. This is one of the world’s biggest farming investments and supports Baladna’s plan to grow globally.
Investment in Egypt
Earlier, in 2022, Baladna bought more shares in Egypt’s Juhayna Food Industries. It spent $681,366 (QAR 2.5 million) to raise its ownership to 10.1%. These shares were bought through several deals between July 2021 and March 2022.
Published: 4th July 2025
For more article like this please follow our social media Twitter, Linkedin & Instagram
Also Read:
Egypt’s Rent Law Sparks Uproar with Rents Up 20 Times
Egypt’s $1B Sukuk: Fresh Funds or Debt Restructuring Plan?
Qatar’s Economy Up 3.7% in Q1 2025, Hits $49.8 Billion
